05.05.2016 - ​USD/JPY may continue to rise tomorrow

The price of USD/JPY corrected upwards after dropped sharply against the background of the increased interest in defensive assets, as well as the saving of Japan's monetary policy settings unchanged, despite the negative impact of the strong yen on the country's economy. According to our forecast, tomorrow the market volatility will increase in connection with the publication of an important report on the labor market in the US in April, and the positive statistics may lead to an increase in USD/JPY to the target levels of 108.00 and 109.75. Our medium-term outlook for the USD/JPY remains positive.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.